Role of Microfinance in Employment Generation: A Case Study of Microfinance Program of Paschimanchal Grameen Bikash Bank

Abstract

This research study focuses on role of microfinance program in creation of enterprise and employment generation. In the Nepalese context various microfinance programs have been running with the aims of socio-economic empowerment, mobilization of internal resources, creation of awareness and generation of self-employment targeting the rural poor. Microfinance has been one of the few effective tools for poverty reduction over the past years. It has been revealed that the loans have been mostly invested on small scale business, livestock and other agro-based enterprises. The study shows that micro finance program has been helpful to create enterprises and generate employment.The Journal of Nepalese Business StudiesVol. Vii, No. 1, 2010-2011Page : 31-38Uploaded date: July 7, 2012